Liberal African Air Markets Worth $1.3bn

If the commercial aviation sector was liberalised across Africa it would generate an extra $1.3bn in annual GDP, according to a new report from IATA. The study examines the potential benefits to 12 African nations if they were to implement the 1999 Yamoussoukro Decision, which commits signatories to opening regional markets and deregulating air services. The nations examined are: Algeria, Angola, Egypt, Ethiopia, Ghana, Kenya, Namibia, Nigeria, Senegal, South Africa, Tunisia and Uganda. South Africa has the most to gain, according to the report, with GDP expected to grow by $283m a year and 14,500 jobs created as a result of the changes. Currently the aviation sector supports 6.9 million jobs and $80bn in GDP across Africa. Liberalising the market would result in a 16% increase in GDP and a 2% rise in jobs.

 

 

 

TAGS: Africa
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